Nvidia's China Sales Face Setback As H20 Chip Restrictions Catch Key Buyers Off Guard: Reuters

Nvidia failed to warn customers about new U.S. export rules for H20 chip sales to China, resulting in a $5.5 billion charge. Chinese tech giants have been stocking up on chips, driving demand. Despite this, analysts remain optimistic about Nvidia's investments in AI and its plans to develop $500 billion in infrastructure. NVDA stock is down 6.35% at $105.11.